8738 Ramsgate Ave - 8738 Ramsgate Ave 3 Unit Apartment Building Offered at $1,350,000 at a 3.08% Cap Rate Los Angeles, CA 90045

8738 Ramsgate Ave is a tremendously well-kept three-unit property in the Westchester neighborhood of Los Angeles with approximately 51% upside in potential rents, exclusively represented by JNM Realty. The two (2) buildings feature a unit mix of one (1) 1-bed/1-bath unit (800 sqft) and two (2) two-bed/one-bath units (1,000 sqft each). The units are all renovated featuring hardwood flooring, updated countertops and cabinetry, and renovated bathrooms. Each unit has an onsite parking space and its own water heater. Tenants are responsible to pay their own trash expenses.
The building is easy to manage, requiring no onsite manager and no major attention. JNM Realty has managed this building since 2019 and is available to continue managing for an investor or hand the keys off to a buyer to self-manage or a manager of the buyer's choice.
A stone's throw from LAX (Los Angeles International Airport), the property is surrounded by hotels, parking lots, and restaurants, with a 2-minute drive proximity to the 405 Freeway, providing ample employment access for current and future tenants.
Listed at $1,350,000, the property is listed as the lowest price per square foot of all duplex and triplexes sold in the 90045 zip code in 2025. You're getting the most property for the lowest price along with a potential upside of 51% in Rents!